Correction : Net Asset Value

5 Sep 2007 10:30

THE ZERO PREFERENCE GROWTH TRUST PLC

The announcement of the Net Asset Value released yesterday under PRNUK-0409071529-0459 contained an error in the information on the loan draw down, which should have referred to a decrease in the total amount drawn down and not an increase. The corrected announcement is set out in full below.

The Company announces that the bid price Net Asset Values, including current period revenue, at 28 August 2007 were:

per Ordinary unit 72.72p per Growth share 5.69p

per Zero Dividend Preference share 67.03p

Gross assets less current liabilities ‚£13.85m

On 23 August 2007, the Company decreased the total amount drawn down under the Bank of Scotland facility by ‚£500,000 to ‚£2,620,000. The Company is currently eligible to draw down a maximum of ‚£4,000,000 under the loan facility.

Fair value of the debt is not materially different from the par value so no additional fair value NAV is required.